Permian Resources
PR · NYSECrude Petroleum & Natural Gas · Fiscal year ends Dec 31
Permian Resources reported revenue of $5.1B in the fiscal year ended Dec 2025, up 1.3% from the year before. Operating income was $1.5B, an operating margin of 28.9%, and net income was $935M. Net debt was $3.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $1B | $2.1B | $3.1B | $5B | $5.1B |
| Operating income | $371M | $1B | $1.1B | $1.7B | $1.5B |
| Interest expense | $61M | $96M | $177M | $296M | $283M |
| Pre-tax income | $139M | $870M | $1B | $1.6B | $1.4B |
| Income tax | $569,000 | $120M | $156M | $300M | $284M |
| Net income | $138M | $515M | $476M | $985M | $935M |
| Diluted EPS | 0.46 | 1.61 | 1.24 | 1.45 | 1.28 |
| Diluted shares | 310M | 323M | 389M | 684M | 731M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $9M | $60M | $73M | $479M | $154M |
| Receivables | $57M | $206M | $346M | $326M | $435M |
| Current assets | $87M | $464M | $650M | $1.1B | $1.3B |
| Net PP&E | $11M | $15M | $44M | $50M | $57M |
| Total assets | $3.8B | $8.5B | $15B | $16.9B | $17.9B |
| Payables | $10M | $51M | $95M | $46M | $71M |
| Deferred revenue | $40M | $250M | $527M | $589M | $855M |
| Current liabilities | $168M | $606M | $1.2B | $1.3B | $1.7B |
| Short-term debt | – | – | – | $0 | – |
| Long-term debt | $826M | $2.1B | $3.8B | $4.2B | $3.5B |
| Total liabilities | $1.1B | $2.8B | $5.7B | $6.4B | $6.4B |
| Shareholders' equity | $2.8B | $2.9B | $6.3B | $9.1B | $10.3B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $526M | $1.4B | $2.2B | $3.4B | $3.6B |
| Stock-based compensation | $38M | $116M | $78M | $60M | $70M |
| Acquisitions | $0 | $497M | −$40M | – | – |
| Dividends paid | $0 | $14M | $142M | $467M | $448M |
| Dividend per share | – | 27900000.00 | 0.37 | 0.71 | 0.60 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 106.9% | 46.4% | 60.2% | 1.3% |
| Operating income growth (YoY) | – | 171.9% | 8.8% | 59.1% | −16.2% |
| EPS growth (YoY) | – | 250.0% | −23.0% | 16.9% | −11.7% |
| Operating margin | 36.0% | 47.3% | 35.1% | 34.9% | 28.9% |
| Net margin | 13.4% | 24.2% | 15.3% | 19.7% | 18.5% |
| Return on equityBlank when equity is negative | 5.0% | 17.5% | 7.5% | 10.8% | 9.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 10.2% | 12.8% | 8.0% | 11.2% | 9.0% |
| Cash conversion (CFO ÷ net income) | 3.80x | 2.66x | 4.65x | 3.46x | 3.86x |
| Receivable days | 20 | 35 | 40 | 24 | 31 |
| Interest cover | 6.05x | 10.5x | 6.19x | 5.89x | 5.17x |
| Debt ÷ equity | 0.30x | 0.73x | 0.61x | 0.46x | 0.34x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $816M | $2.1B | $3.8B | $3.7B | $3.4B |
| Current ratio | 0.52x | 0.77x | 0.52x | 0.84x | 0.78x |
Recent filings
More in Crude Petroleum & Natural Gas
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.